South Miami Condos for Sale under $500K

12 listings
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Looking at South Miami Condos for Sale under $500K?

Tell us what you're after — we'll send matching homes, off-market options and recent sales, and set up private showings.

Matthew Gromadzki, Real Estate Broker
Matthew Gromadzki
Real Estate Broker
(786) 370-8570
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Live MLS inventory in South Miami, updated continuously. Florida Lux Real Estate currently tracks 12 active listings here. MLS inventory updated October 28, 2026.

Condos for Sale under $500K in South Miami: What to Know Before You Search

South Miami surrounds a genuinely walkable core — the shops and restaurants of Sunset Drive alongside the Metrorail — with quiet single-family streets fanning out from it. The hospital district steadies demand, and both the Gables and the Grove are five minutes off.

Under $500K is the entry to the South Miami condo market — a segment that rewards knowing where the value actually sits. Known for a walkable Sunset Drive downtown on the Metrorail, South Miami at this ceiling is a trade-off between address, age and dues: an older building on a great block, a smaller plan in a newer tower, or more space a few minutes off the prime grid. This page keeps every South Miami condo beneath $500K in one view so the best of them doesn't slip past.

South Miami Market Snapshot

128
Homes sold, last 12 months
$916K
Median sale price
46 days
Median time on market

Frequently Asked Questions

What kind of condo does $500K buy in South Miami?

The honest inventory is on this page and it shifts monthly — generally a one- or two-bedroom, with the trade-offs landing on building age, floor, view or location. We're candid about which listings are priced low for a fixable reason and which for a structural one.

Will association dues eat into a sub-$500K budget in South Miami?

They can, and it's the number to watch at this tier — a low price with high dues can cost more each month than a higher price with light ones. We fold dues, insurance and reserves into a true monthly figure before you offer.

How do I arrange a showing in South Miami?

Each listing on this page carries an inquiry form that goes straight to our brokerage — or reach us at +1 786-370-8570. We schedule private tours to fit your calendar and run live video walkthroughs for buyers relocating from out of state, with no obligation attached.

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